Innovative Tech Company First 30 Gives Away 10,000 Accounts

Professional woman working at her computer with her dog in the background watching.

Virtual Get Back to Work Program Powered by First 30

First 30 logo

First 30 Next Gen Outplacement

Amy Davies, Founder, First 30 Inc.

Amy Davies, Founder, First 30 Inc.

In response to the economic impact of COVID-19, First 30 Inc. is offering access for 10,000 affected by the current pandemic free of charge or by donation.

We hope this little gift helps employers and employees alike weather these challenging times.”

— Amy Davies

TORONTO, ONTARIO, CANADA, April 4, 2020 /EINPresswire.com/ — In response to the economic impact of COVID-19, for a limited time, First 30 Inc. is offering free access for 10,000 workers affected by the current pandemic free of charge or by donation. The Virtual Get Back to Work Outplacement Services Platform, launched by entrepreneur Amy Davies this past January, helps people recover from job loss and find employment.

According to Davies, the outplacement industry was in dire need of innovation and improvement long before the current economic crisis caused by COVID-19. “People were waiting for weeks to speak with coaches and travelling distances to meet with them live only to find their approach was prescriptive and formulaic,” she explains. “From a business perspective, the cost companies pay for outplacement services is so high it’s unsustainable in the long-term.”
The First 30 outplacement platform offers 30 days worth of coaching videos and resources on a wide range of topics including wellness, networking, job searching, interview prep and career planning. The program also includes resume and LinkedIn courses, regular webinars and an audio and e-edition of A Spark in the Dark (Davies’ book). Participants will have access to the program for one full year from login. Users will receive the support they need from anywhere at their own pace.

First 30 is starting with 10,000 free accounts, but hope to grow the campaign to offer free and discounted services to many more. First 30’s mission is to make sure all companies can offer outplacement to every employee affected by layoffs. This crisis is no exception. The tech company is also introducing solutions for small- and medium-sized business to support them in these trying times by providing access to their virtual outplacement services on a pay what you can, when you can basis. And, for larger organizations, First 30 is deeply discounting their services, valued at $2,000 per individual.

“These are unprecedented days,” says Davies. “We know businesses want to do the right thing and support their employees, but budgets are tight. “First 30 is helping both the business and the individual. We hope this little gift helps employers and employees alike weather these challenging times.”

About Amy Davies

Amy Davies, First 30 Inc. founder, is also the author of A Spark in the Dark: Illuminating Your Path to a Brilliant Career in a Reorg World. Davies has extensive experience with outplacement services. She lost her job twice during wide scale corporate restructuring and understands how outplacement benefits people affected by layoffs.

About First 30 Inc.

Founded in January 2020, the innovative tech company is an online, mobile-friendly outplacement program that offers 30 days worth of coaching videos and resources on a wide range of topics including wellness, networking, job searching, interview prep and career planning. The program also includes resume and LinkedIn courses, regular webinars and an audio and e-edition of A Spark in the Dark.

Amy Davies
First 30 Inc.
+1 416-300-1992
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn

First 30 Announces Virtual Get Back to Work Program


Source: EIN Presswire

KST's Orna Announces New Private Sector Data Sharing

Kerkton Security Technologies LLC

Kerkton Security Technologies releases new data sharing capabilities for Orna, its private security and public safety software.

PHOENIX, ARIZONA, UNITED STATES, April 4, 2020 /EINPresswire.com/ — The Orna software development team announced the release of private data sharing capabilities in the security and public safety industry for those operating Orna.

Data sharing will allow companies and agencies using Orna to share information so dispatchers and field personnel can access more valuable information. This update is an addition to the latest release, "Company Link", allowing agencies to outsource their dispatch requirements.

Government agencies have data sharing capabilities through services such as the FBI's NCIC and CJIS allowing Law Enforcement Agencies to view data from across the nation. The private industry has limited capabilities when it comes to sharing or searching information related to suspects they come in contact with. Now with Orna, the private sector will have the same capabilities to build their own networks of information.

Patriot Eye GSOC, located in San Antonio Texas, who provides public safety dispatch services and also collects incident data from the security industry will use Orna to build a private database available to their clients. With a single source of data available, clients such as bail enforcement, fugitive recovery agencies and private security firms will benefit the most from this initiative. As bail agents work closely with one another, they'll have access to the same source of information that is accessible from any internet connected device.

"Our launch of the National Public Safety Database (NPSD), and partnership with Kerkton, allows us the opportunity to bring the private sector a level of data sharing and intelligence capabilities, that will potentially rise to the equivalent of government sector databases such as NCIC"
-Zachary Rice, CEO and Founder of Patriot Eye GSOC

The team working on Orna wants to increase the opportunity for companies to share information with others. By adding data sharing to the current platform, it will allow the private sector to produce more valuable intelligence and analysis of areas with high incident rates. Access to information is only authorized through the use of Company Link.

Fraser Singleton
Kerkton Security Technologies LLC
+1 602-899-3578
email us here


Source: EIN Presswire

Attorney Kelly Hyman Will Be Teaching A 1-Day Trial Skills Workshop with Jesse Wilson on August 26, 2020

Attorney Kelly Hyman

DENVER, CO, UNITED STATES, April 3, 2020 /EINPresswire.com/ — Attorney Kelly Hyman, the owner of The Hyman Law Firm, P.A., will be teaching a workshop with acclaimed trial skills and advocacy expert Jesse Wilson of Tell the Winning Story. In the one-day event, Wilson and Kelly Hyman will teach attendees to master the “eight fundamentals of breakthrough communication” to become master storytellers in the courtroom and beyond. The CLE Trial Skills Workshop is Aug. 26 at the Cottonwood Center for the Arts in Colorado Springs.

Like lawyer Kelly Hyman, Wilson has an extensive background in theater. The Juilliard-trained actor and director spent decades working in film and stage before founding Tell the Winning Story, his acclaimed trial skills and communications consultancy and education firm. For the past several years, Wilson has focused on teaching lawyers the secrets of the theater to help them connect with and motivate juries and judges.

“The true power of a story always comes from inside us, the storyteller. And the path to developing a winning story begins with the trial lawyer owning their own story,” Wilson said. “Tell the Winning Story provides attorneys the difference between telling a ‘hidden, safe, surface story,’ and powerfully connecting to a story that goes right to the heart of their audience, whomever that audience happens to be.”

The August Tell the Winning Story CLE Trial Skills Workshop is open to lawyers of all specialties, including criminal defense, personal injury, and medical malpractice. However, space is limited to 20 participants. To learn more or register, visit https://www.tellthewinningstory.com/event/tell-the-winning-story-cle-trial-skills-1-day-workshop-with-kelly-hyman/.

More on Attorney Kelly Hyman
Lawyer Kelly Hyman is the owner of The Hyman Law Firm, P.A. She has contributed to many high-profile cases on significant matters including tobacco, water contamination, and transvaginal mesh and bladder slings. Kelly Hyman has also participated in federal court multi-district litigation discovery committee common benefit work for various mass torts projects.

A member of the Florida Bar, Colorado Bar, the Washington D.C. Bar, the New York Bar, as well as the American Association for Justice and the former President of the Federal Bar, Palm Beach Chapter, Kelly Hyman is a Democrat political and legal analyst. Attorney Kelly Hyman has appeared on numerous TV and radio shows. These include Law & Crime, CourtTV, Fox News, The Ingraham Angle, and Fox and Friends First. She has also appeared on the Ethan Bearman show, "Issues and Ideas" with Chris DeBellow, "The Whistleblower" with Mychal Wilson and the "Jiggy Jaguar" radio show. Her book, “Top 10 Reasons to Dump Trump in 2020” was released late last year.

To learn more about Kelly Hyman and connect with her, visit LinkedIn: https://www.linkedin.com/in/kelly-hyman/

Caroline Hunter
Web Presence, LLC
+1 786-233-8220
email us here


Source: EIN Presswire

Teresa Ombres of Provorce to be Featured on Close Up Radio

GREAT NECK, NEW YORK, UNITED STATES, April 3, 2020 /EINPresswire.com/ — Mediation and collaborative divorce are fundamentally different from how people normally go through the divorce process. They are better, more amicable, and often less expensive ways of resolving divorce cases.

Teresa Ombres is the founder of Provorce, where she helps couples and individuals smooth the course of divorce and separation through a unique approach designed to minimize clients’ emotional stress and financial costs.

“Provorce is the place to go if you don’t want your divorce to be a nightmare,” says Teresa. “It’s positive instead of negative. It’s all of the pros and none of the cons. People just don't know that they can do this a different way.”

According to Teresa, in order to get a divorce, you have to have a judge sign a judgment. In order for a judge to sign a judgment, you have to have a lawsuit where there's a plaintiff and the defendant. So divorce is set up from the beginning to be adversarial.

A lawyer’s job is to advocate zealously for her client’s position. But Teresa says that approach does not always serve the best interests of the children or the mental health of the family. Teresa’s goal is to help divorcing couples work out these issues on their own, being mindful of what works best for all family members. It’s conversational, collaborative, and she’s always looking for ways to help clients understand each other and create solutions that work for all.”

“Divorces become nightmares when people litigate in court and lose total control of the process, the cost and the outcome,” says Teresa. “People come to mediation because they know they don't want the nightmare of litigation. They know they don't want to spend a fortune on lawyers. They know they don't want to hurt their kids. So my job is to guide them through the process with those goals top of mind. I believe people want to do the right thing, and we can help them do it the right way.”

Teresa was part of the first group of New York City lawyers to be trained in Collaborative Divorce in 2001. Supported by mental health professionals and even financial specialists, Teresa facilitates the conversation to find solutions from day one.

“Mediation is not judgmental, and I found that liberating,” says Teresa. “All this stuff can be worked out in a creative problem-solving kind of way. Litigation should be the last alternative.”

At this point in the Coronavirus crisis, courts are closed except for emergencies. More and more people are turning to mediation and collaborative practice to get through their divorces. Mediators and Collaborative lawyers are using videoconferencing to keep in touch with clients and help navigate the unique challenges created by schools being closed, parents out of work and social distancing.

Close Up Radio will feature Teresa Ombres in an interview with Doug Llewelyn on April 6th at 12pm EDT and with Jim Masters on April 13th at 12pm EDT

Listen to the show on BlogTalkRadio

If you have any questions for our guest, please call (347) 996-3389

For more information visit www.provorce.com

Lou Ceparano
Close Up Television & Radio
+ +1 (631) 850-3314
email us here
Visit us on social media:
Facebook


Source: EIN Presswire

Washington Mesothelioma Victims Center Offers A Nuclear Power Worker with Mesothelioma in Richland or Bremerton Direct Access to Attorney Erik Karst of Karst von Oiste-For Better Compensation Results

"We have endorsed attorney Erik Karst and his colleagues at Karst von Oiste because they are so thorough when it comes to ensuring a person with mesothelioma receives the best compensation results.”

— Washington Mesothelioma Victims Center

SEATTLE, WASHINGTON, USA, April 3, 2020 /EINPresswire.com/ — The Washington Mesothelioma Victims Center says, "We are offering a current or former nuclear power worker in the Tri-Cities or Bremerton with mesothelioma direct access to attorney Erik Karst of the law firm of Karst von Oiste. Richland and the Tri-Cities are home to what were some of the nation's most important nuclear reactors and Bremerton is the only shipyard on the West Coast that can refuel a nuclear aircraft carrier or submarine. There are nuclear workers in both Eastern and Western Washington and compensation for people like this with mesothelioma might be in the millions of dollars as we would like to discuss anytime at 800-714-0303.

"If a person with mesothelioma wants the best compensation it is vital-they hire the best possible attorneys. We have endorsed attorney Erik Karst and his remarkable colleagues at the law firm of Karst von Oiste because they are so thorough when it comes to making certain their clients receive the best compensation results. Erik Karst and the lawyers at Karst von Oiste are responsible for over a billion dollars in financial compensation for mesothelioma and serious asbestos exposure illnesses and they make house calls anywhere in Washington. For direct access to attorney Erik Karst please call 800-714-0303-anytime." www.karstvonoiste.com/

Rather than offering a 'free' booklet, or overnight package the Mesothelioma Victims Center offers a free vital service they call the 'list' for a Navy Veteran or person with mesothelioma in Washington State and nationwide:

* “We will assist a Navy Veteran with mesothelioma document how, where and when they were exposed to asbestos. We call this service the ‘list’ and it is this information that becomes the basis for a mesothelioma compensation claim as we would like to discuss at 800-714-0303.” https://Washington.MesotheliomaVictimsCenter.Com

Coronavirus/COVID-19 update for people with confirmed mesothelioma from the Mesothelioma Victims Center: "We are extremely concerned that a Navy Veteran or person with mesothelioma will not begin the mesothelioma compensation process because of the Coronavirus/COVID-19 or they will reach out to a local car accident attorney who has little to no experience doing mesothelioma compensation claims. We have endorsed attorney Erik Karst the founding partner of the law firm of Karst von Oiste to ensure a Navy Veteran or person with mesothelioma receives the best possible compensation results nationwide. Erik Karst is one of the nation's leading mesothelioma attorneys and he will know exactly how to help you or your loved one. For direct access to attorney Erik Karst managing partner of the law firm of Karst von Oiste please call 800-714-0303 anytime." www.karstvonoiste.com/

The Washington Mesothelioma Victims Center wants to emphasize their services are available statewide in every community in Washington including Seattle, Tacoma, Spokane, Everett, Vancouver, Yakima, Bellingham, Bremerton, Moses Lake, Olympia, Mount Vernon, Wenatchee, or the Tri-Cities. https://Washington.MesotheliomaVictimsCenter.Com

For the best possible mesothelioma treatment options in Washington the Washington Mesothelioma Victims Center strongly recommends the following heath care facility with the offer to help a diagnosed victim, or their family get to the right physicians at this treatment facility. The Center believes this treatment facility for mesothelioma to be one of the best in the nation.

* Fred Hutchinson Cancer Research Center and the UW Medical Center called the Seattle Cancer Care Alliance, in Seattle, Washington: https://www.uwmedicine.org/services/ cancer-care

High-risk work groups for exposure to asbestos in Washington State include Veterans of the US Navy, hydro-electric power plant workers, shipyard workers, nuclear power plant workers, oil refinery workers, pulp and paper mill workers, factory workers, plumbers, electricians, miners, auto mechanics, machinists, and construction workers. Typically, the exposure to asbestos occurred in the 1950’s, 1960’s, 1970’s, or 1980’s. https://Washington.MesotheliomaVictimsCenter.Com

The states indicated with the highest incidence of mesothelioma include Maine, Massachusetts, Connecticut, Maryland, New Jersey, Pennsylvania, Ohio, West Virginia, Virginia, Michigan, Illinois, Minnesota, Louisiana, Washington, and Oregon. www.karstvonoiste.com/

For more information about mesothelioma please refer to the National Institutes of Health’s web site related to this rare form of cancer: https://www.cancer.gov/types/mesothelioma.

Michael Thomas
Washington Mesothelioma Victims Center
+1 800-714-0303
email us here


Source: EIN Presswire

Indiana US Navy Veterans Mesothelioma Advocate Urges A Navy Veteran or Person in Indiana to Call Anytime for Direct Access to Attorney Erik Karst of Karst von Oiste-Get the Best Possible Compensation Results

"To get the financial compensation job done for a Navy Veteran or person with mesothelioma in Indiana we have endorsed attorney Erik Karst of the law firm of Karst von Oiste.”

— Indiana US Navy Veterans Mesothelioma Advocate

INDIANAPOLIS , INDIANA, USA, April 3, 2020 /EINPresswire.com/ — The Indiana US Navy Veterans Mesothelioma Advocate says, "Financial compensation for mesothelioma is a one-shot deal-if a person with this rare cancer impulsively hires a car accident attorney or a 'free' stuff lawyer frequently they will get shortchanged. We are advocates for Navy Veterans and people with mesothelioma in Indiana and we want to do everything possible to make sure a person like this receives the very best possible financial compensation results. At least for Navy Veterans mesothelioma compensation can frequently exceed a million dollars as we'd like to discuss at 800-714-0303.

"To get the financial compensation job done for a Navy Veteran or person with mesothelioma in Indiana we have endorsed attorney Erik Karst of the law firm of Karst von Oiste. Erik Karst and his colleagues at the law firm of Karst von Oiste have been assisting Navy Veterans and people with mesothelioma nationwide for decades and they are responsible for over a billion dollars in financial compensation for people like this. Erik Karst and his colleagues also make house calls anywhere in Indiana for a no-obligation in home visit to discuss the financial compensation process and what will be involved. For direct access to attorney Erik Karst of the law firm of Karst von Oiste please call 800-714-0303-anytime." www.karstvonoiste.com/

The US Navy Veterans Mesothelioma Advocate is also offering the following free services for a Navy Veteran with mesothelioma in Indiana or nationwide.

* “We will assist with VA Disability payments.”

* “We will assist a Navy Veteran with mesothelioma to get organized about how, where and when they were exposed to asbestos. We call this service the ‘list’ and it is this information that becomes the basis for a mesothelioma compensation claim as we would like to discuss at 800-714-0303.” https://Indiana.USNavyMesothelioma.Com

Coronavirus/COVID-19 update for Navy Veterans with confirmed mesothelioma from the US Navy Veterans Mesothelioma Advocate: "We are extremely concerned that a Navy Veteran with mesothelioma will not begin the mesothelioma compensation process because of the Coronavirus/COVID-19 or they will reach out to a local car accident attorney who has little to no experience doing mesothelioma compensation claims for Navy Veterans. We have endorsed attorney Erik Karst the founding partner of the law firm of Karst von Oiste to ensure a Navy Veteran with mesothelioma receives the best possible compensation results nationwide. Erik Karst is one of the nation's leading mesothelioma attorneys and he will know exactly how to help you or your loved one. For direct access to attorney Erik Karst managing partner of the law firm of Karst von Oiste please call 800-714-0303." www.karstvonoiste.com/

The Indiana US Navy Veterans Mesothelioma Advocate offers their free services to a US Navy Veterans with mesothelioma in Indianapolis, Fort Wayne, Evansville, South Bend, Hammond, Bloomington or anywhere in Indiana. www.karstvonoiste.com/

For the best possible mesothelioma treatment options in Indiana the Indiana Mesothelioma Victims Center strongly recommends the following heath care facility with the offer to help a diagnosed victim, or their family get to the right physicians at this hospital.

Purdue University Center for Cancer Research West Lafayette, Indiana:

https://www.purdue.edu/cancer-research/index.php.

The VA-For a state by state listing of VA Medical Centers nationwide please visit their website: https://www.va.gov/directory/guide/FindLocations.cfm.

Every US Navy ship vessel built up to 1980 contained asbestos. About one third of all US citizens diagnosed with mesothelioma each year are Veterans of the US Navy. Before a Navy Veteran with mesothelioma or their family retain the services of a lawyer or law firm, they are urged to call the US Navy Veterans Mesothelioma Advocate anytime at 800-714-0303. https://USNavyMesothelioma.Com

The states with the highest incidence of mesothelioma include Maine, Massachusetts, Connecticut, Maryland, New Jersey, Pennsylvania, Ohio, West Virginia, Virginia, Michigan, Illinois, Minnesota, Louisiana, Washington, and Oregon. www.karstvonoiste.com/

For a listing of various classes of US Navy ships or submarines please visit the US Navy website on this topic: https://www.navy.mil/navydata/our_ships.asp.

For more information about mesothelioma please refer to the National Institutes of Health’s web site related to this rare form of cancer: https://www.cancer.gov/types/mesothelioma.

Michael Thomas
Indiana US Navy Veterans Mesothelioma Advocate
+1 800-714-0303
email us here


Source: EIN Presswire

New Jersey US Navy Veterans Lung Cancer Advocate Has Endorsed the Lawyers at the Law firm of KVO to Help a Navy Veteran with Lung Cancer in New Jersey Get Compensated If They Also Had Asbestos Exposure

"We have endorsed the lawyers at the law firm of KVO because they share our passion in doing everything possible to ensure a Navy Veteran-person with asbestos exposure lung cancer gets compensated. ”

— New Jersey US Navy Veterans Lung Cancer Advocate

TRENTON , NEW JERSEY, USA, April 3, 2020 /EINPresswire.com/ — The New Jersey US Navy Veterans Lung Cancer Advocate says, "We have endorsed the lawyers at the law firm of Karst von Oiste-KVO to assist a Navy Veteran or person with lung cancer who also had heavy to extreme exposure to asbestos in the service or at work. As we would like to discuss anytime at 800-714-0303 most people like this do not realize the $30 billion dollar-asbestos trust funds were set up for them too. The typical person we are trying to identify are over 60 years old. Even if a person like this smoked cigarettes-their compensation might exceed a hundred thousand dollars.

"The reason we have endorsed the lawyers at the law firm of Karst von Oiste-KVO is because they share our passion in doing everything possible to ensure a Navy Veteran or person with asbestos exposure lung cancer gets compensated. The remarkable lawyers at the law firm of Karst von Oiste-KVO are responsible for over a billion dollars in financial compensation for people with asbestos exposure lung cancer and mesothelioma. For direct access to the lawyers at the law firm of Karst von Oiste-KVO please call 800-714-0303 anytime." www.karstvonoiste.com/

The New Jersey US Navy Veterans Lung Cancer Advocate is offering to assist a Navy Veteran or person with asbestos exposure lung cancer in New Jersey organize the how, where and when they were exposed to asbestos. They call this free service the 'list' and it is this vital information that becomes the foundation for a compensation claim as the would be happy to explain at 800-714-0303. https://NewJersey.USNavyLungCancer.Com

The New Jersey US Navy Veterans Lung Cancer Advocate’s free services are available to people with asbestos exposure lung cancer or mesothelioma in Newark, Jersey City, Paterson, Elizabeth, Edison, Toms River, Trenton or anywhere in New Jersey. https://NewJersey.USNavyLungCancer.Com

High-risk work groups for exposure to asbestos in New Jersey include US Navy Veterans, a worker at one of New Jersey’s half dozen plus power plants, oil refinery workers, manufacturing or industrial workers, chemical plant workers, public utility workers, plumbers, electricians, auto mechanics, machinists, mill workers, printers, welders, boiler technicians, or construction workers. Typically, the exposure to asbestos occurred in the 1950’s, 1960’s, 1970’s or 1980’s.

The US Navy Veterans Lung Cancer Advocate says, “If your husband, dad, coworker or neighbor has just been diagnosed with lung cancer and you know they had significant exposure to asbestos in the navy, at a shipyard or while working at a factory, at power plant, public utility, or as a plumber, electrician welder, mechanic or any kind of skilled trades group in any state please have them call us anytime at 800-714-0303. Most people like this never get compensated-even though the asbestos trust funds were set up for them too. We are trying to change this sad fact.” https://USNavyLungCancer.Com

According to the American Cancer Society for nonsmokers who have been exposed to asbestos in their workplace the risk of lung cancer is five times that of unexposed workers. https://www.cdc.gov/cancer/lung/statistics/index.htm.

States with the highest incidence of lung cancer include Kentucky, West Virginia, Maine, Tennessee, Mississippi, Ohio, Indiana, Louisiana, Arkansas, Missouri, North Carolina, Rhode Island, Alabama, and Delaware.

However, asbestos exposure lung cancer can happen in any state including California, New York, Texas, Florida, Massachusetts, Connecticut, Pennsylvania, New Jersey, Illinois, Wisconsin, Minnesota, Nebraska, New Mexico, North Dakota, Wyoming, Utah, Montana, Idaho, Arizona, Washington, Oregon or Alaska. www.karstvonoiste.com/

For more information about asbestos exposure please visit the NIH’s website on this topic: https://www.cancer.gov/about-cancer/causes-prevention/risk/substances/asbestos/asbestos-fact-sheet.

Michael Thomas
New Jersey US Navy Veterans Lung Cancer Advocate
+1 800-714-0303
email us here


Source: EIN Presswire

Bradley Laddusaw Presents: "The Evolution of the Hard Money Industry"

Hard Money Lender Trust Deed Investments

Bradley Laddusaw

Private Money Comes Full Circle

"As quickly as "Institutional Money" enters a market, it can leave a market. Literally overnight.”

— Bradley Laddusaw

ORANGE COUNTY, CA, USA, April 2, 2020 /EINPresswire.com/ — The goal of this article is not to push any negativity among private lending operations that have started over the past few years. In fact, "mine is one of them". What we want to do is identify and explain how quickly the private/hard money lending industry evolved and why some companies had a firm stop as of last week.

In the hard money industry, the rates that are offered, coupled with leverage are a direct result of "supply and demand" of capital. The active real estate investors that were acquiring distressed assets in 2010/2011 may remember a time when everything was priced comparable. Common structures in California, dependent on leverage, started at 12% interest and 2-3% origination, sometimes higher. During this time there was an abundance of properties and not a lot of free capital available for loans. The main source of capital for Private Lending firms was from Private Investors looking for a secured return against real estate, or Companies that had their own capital to lend out. Many brokers had borrower relationships but no capital. Brokers would refer these clients to Private Lending Firms.

As the market continued to gain traction in 2012 and into 2013, Private Lending Companies heard whispers that "Institutional Money", "Private Equity", and/or "Wall Street" money was making an attempt to enter the marketplace. Who could blame them? At the time, there were really no comparable investments that had as strong of a risk/return profile as a secured, first trust deed against real estate. There was a hurdle they faced, SCALABILITY. Technology and resources did not allow them to deploy the capital they needed.

From 2014-2016, another shift started to occur as technology began to improve, crowdfunding became more mainstream, and Fintech started to make an appearance. Companies started to form mortgage pools, or funds, to allow for quicker closings and larger spreads. Online crowdfunding platforms started giving a huge group of retail investors access to loans secured against real estate. Family Offices were coming around to get more comfortable with lending. During this window as technology improved, "Institutional Money" started to make its push into the Hard Money Industry.

This newly available capital was great for the borrower. As access to capital improved, pricing, and leverage reached points that were not previously available. The Private Investors from 2011 and 2012 were now being pushed to compete with these new loan structures that arguably were "too rich for their blood" (ie: too risky). Remember from earlier, rates/leverage/and pricing are based on "supply" and "demand" of capital and there was an extreme "flood" of capital into the market, all while quality deals were becoming scarcer. I remember sitting down with investors in 2016, 2017 & 2018 and walking them through what was occurring. That was not the time to chase yield. Rather, stick to our parameters, even if it meant a reduction in volume. Leverage options were being increased while rates were being driven down. In investing, the term typically goes "More Risk, More Return." In this instance, we were seeing "More Risk, Less Return". The risk/return profile that attracted big money into the industry was being squeezed and this profile was no longer making sense.

In sitting down with investors, we discussed when "Big Money" sees an opportunity for arbitrage, they exploit that market until there is no way to gain an advantage on returns.

As quickly as "Institutional Money" enters a market, it can leave a market. Literally overnight.

Heading into 2019 there were great loan structures being offered to Fix and Flip investors. Fix and Flip investors were able to capitalize on the opportunities to borrow more money at lower costs than ever before. Correspondent lending programs exploded which helped resolve the scalability issue identified earlier. From a passive investor point of view, these structures did not appear to be sustainable at the pricing being offered. Again, "supply and demand" of capital.

The more money a firm raises over a short period of time, the faster it needs to get it to "work". We witnessed loan structures at 80%-90% LTP and 100% of the rehab. On paper, this netted over 100% of the purchase price. These were being priced anywhere from 1%-2% origination and rates starting in the low 8's%. A Private Lender was actually able to price out a bridge loan with substantially lower leverage, at an equal or slightly higher rate than a Fix and Flip Loan.

What happened?

Covid 19, Stock Market Sell Off, Liquidity dried up, and EXTREME Market Uncertainty.

How quickly can institutional money leave a market?

Overnight. That is what happened last week. Hard Money and Private Lending operations that started over the past few years, backed by this Big Money, put a pause on lending. Not all of them, but a good amount. They are in a wait and see position. In other words, this potentially means, "Wait and Re-Allocate."

What does this mean for Active Real Estate Investors going forward?

This is simply my opinion, but in the short term, pricing and leverage options are going to "revert back to the mean". If you want to call it that. The structures will drift to what was being offered before "Big Money" entered the space and the 85%/100% structure may not make a return. There will be a sticker shock on pricing and leverage, as a majority of the Lending Companies still lending will be pricing risk into their loans. Leverage may be reduced; pricing may increase. There will be liquidity in the marketplace and a majority of this liquidity will be in the form of Private Investors and Companies that have done this dance before.

Brad Laddusaw
SL Capital Group
+1 805-795-4574
email us here


Source: EIN Presswire

What’s Your Cost Containment Strategy?

Expense allocation software and expense management software

Cost containment is a key piece of operational excellence.

aXpire.com is offering cost containment webinars, starting on Wednesday, April 8th. Cost containment linkedin group: https://www.linkedin.com/groups/12385834/

MIAMI, FLORIDA, UNITED STATES, April 2, 2020 /EINPresswire.com/ — aXpire, a leading expense allocation and expense allocation software provider, is offering cost containment webinars through the Hedge Fund Association (HFA), starting on Wednesday, April 8th.

aXpire.com, and its sister company LSG.com, have saved clients over $500 million on their invoices since 2004, and the latter is one of the few private, family-owned businesses left in the expense management software space. If you are generally curious about cost containment and want our ongoing updates, we are welcoming new members into our cost containment linkedin group.

Some of the questions to be discussed related to the funds industry include:

– What is the likely impact of this turmoil to our industry? Which players will be affected the most?
– Which areas of cost containment should businesses address?
– How can intelligent automation improve cost containment?
– Will FinTech spending continue?
– How can technology drive digital transformations that deliver cost containment objectives?
– Which areas of IT budgets will be preserved for cost containment?

In this series of webinars, we will explore how leveraging technology can drive digital transformations for the organization in order to achieve its cost containment and cost cutting goals. By implementing gamification, intuitive data analytics, removing outdated processes and human/manual workflows, technology can help improve the bottom line result. Optimizing the operating models is key to successfully containing costs.One potent example is ditaction, which is incorporated into our legal billing software platform, Bilr. With this tool, we are able to accurately interpret audio from lawyers speaking into their mobile phones, for <$1/hour, far cheaper and faster than even minimum wage equivalents.

aXpire is renowned as a provider of low cost, flat rate expense allocation software and expense management software for hedge funds, private equity funds, accounting firms and fund administrators. In the company’s opinion, if you’re paying your software vendors a percentage of your spend, you’re overpaying! If cost containment, expense management, claims management, matter management, vendor spend or anything related to costs is important to your business.

Reach out to us at info@axpire.com.

Matthew Markham
aXpire
+1 917-680-7897
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn


Source: EIN Presswire

COMPLAINT FILED AGAINST COULTER VENTURES, LLC DBA ROGUE FITNESS

Barkan Meizlish DeRose Wentz McInerney Peifer, LLP and Marshall and Forman, LLC filed a class action lawsuit against Coulter Ventures, LLC DBA Rogue Fitness.

COLUMBUS, OHIO, UNITED STATES, April 2, 2020 /EINPresswire.com/ — Attorneys with Barkan Meizlish DeRose Wentz McInerney Peifer, LLP and Marshall and Forman, LLC filed a class action lawsuit against Coulter Ventures, LLC DBA Rogue Fitness stating the fitness equipment distributor failed to pay their non-exempt employees overtime wages for full hours worked.

The complaint states actions of the company violated the Federal Labor Standards Act of 1938 (“FLSA”), 29 U.S.C. §§201, et seq., The Ohio Minimum Fair Wage Standards Act [“the Ohio Wage Act”], O.R.C. §§4111.01., 4111.03 and 4111.10, and the Ohio Prompt Pay Act [“the OPPA”]. The complaint states that workers in the Rogue Fitness warehouse who were not considered exempt employees were not paid for the overtime hours they worked. This complaint also states that these employees were required to perform tasks necessary to their primary job duties outside of their scheduled shifts without proper pay. Employees working at off-site events were not properly compensated for the hours they worked and instead were provided a flat per diem amount regardless of time spent at the event.

Plaintiffs’ Attorney, Robert E. DeRose official statement:

“Wage theft in any form cannot be tolerated. These types of wage violations are far too common in the workplace. Workers should not have to go to the courts to be paid their fair wages. We intend on securing the unpaid wages and overtime for the current and former workers of Rogue Fitness with this lawsuit.”

About Barkan Meizlish, LLP: The law firm of Barkan Meizlish, LLP focuses on union side labor law, wage and hour/overtime litigation, worker’s compensation, Social Security disability, personal injury, and medical malpractice.

Bob DeRose
Paycheck Warriors at Barkan Meizlish, LLP
+1 614-221-4221
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn


Source: EIN Presswire